Page 21 - Indian Government

Banking sector should cheer Budget

The Budget estimated the nominal GDP growth at 10.5 per cent in FY23, lower than what the Economic Survey, tabled a day ahead, projected

Union Budget 2023-24: Firm on prudence, high on feel-good factor

Finance Minister Nirmala Sitharaman on Wednesday presented the Union Budget for 2023-24, which is expected to serve as the last full Budget of Prime Minister Narendra Modi's second term in office

Focus on bank governance: Pain points & what's on offer in Budget

A move to the stricter expected credit loss model in accounting for bad loans is on the cards for banks

'Reward the rich' politics

With a 10% tax cut for the super-rich, has the Modi government lost it? If this is what we believe, we are still caught in oldthink in our political economy

Investing, not saving

More effort on deficit reduction was needed

Union Budget 2023-24 ready reckoner: A fiscally prudent approach

The Centre stuck with fiscal prudence, project­ing a decline in fiscal deficit to 5.9 per cent of GDP in FY24

The Budget as a new credibility asset

The Budget reflects a solid continuity and even reinforcement of the development orientations and objectives pursued by the PM over quite a few years now

Economic Survey 2022-23: Industry and services regaining momentum

Gross value added in the industrial sector posted a stro­ng upturn, registering a growth rate of 3.7 per cent in H1, FY23, higher than the average growth of 2.8 per cent in H1 of the last decade

Optimistic outlook

Higher growth will need more reforms

PM CARES fund not govt's, 3rd party info can't be given under RTI: Delhi HC

The PM CARES Fund is not a government fund as donations to it do not go to the Consolidated Fund of India and no third party information can be parted with irrespective of its status under the Constitution and the Right to Information (RTI) Act, the Delhi High Court was informed on Tuesday. An affidavit filed by an under secretary at the Prime Minister's Office (PMO), who is discharging his functions in the PM Cares Trust on honorary basis, has said the trust functions with transparency and its funds are audited by an auditor -- a chartered accountant drawn from the panel prepared by the Comptroller and Auditor General of India. It contended that irrespective of the status of Prime Minister's Citizen Assistance and Relief in Emergency Situations Fund (PM CARES Fund) under the Constitution and the RTI Act, it is not permissible to disclose third party information. The affidavit was filed in response to a petition seeking a direction to declare the PM CARES Fund a 'State' under the ..

Assam Governor Prof Jagdish Mukhi adopts 10 TB patients for 6 months

Assam Governor Jagdish Mukhi has adopted 10 tuberculosis patients under the Centre's Nikshay Mitra initiative. The governor will take care of their nutritional and allied support needs for a period of six months. He handed over prescribed food packets to health officials in Raj Bhavan on Monday for distribution among the 10 patients. Under the Nikshay Mitra initiative of the Pradhan Mantri TB Mukt Bharat Abhiyaan, individuals or organisations can adopt tuberculosis patients for six months and help meet their nutritional and medical requirements. Speaking on the occasion, the government said common people have always helped transform government programmes into mass movements, and hoped that the TB eradication mission will also be a huge success.

Agitating K'taka Anganwadi workers threaten to lay siege to CM's residence

The State Anganwadi Employees Association has given a 48 hours deadline to the ruling BJP government in Karnataka for fulfilling the demands of Anganwadi workers

We have to build Aatmanirbhar India: Prez in her 1st address to Parliament

The Budget session of Parliament got underway on Tuesday with the maiden address of President Droupadi Murmu to a joint sitting of both Houses

Ramcharitmanas row: VHP attacks SP on Swami Prasad Maurya's elevation

Vishwa Hindu Parishad (VHP) has hit out at Samajwadi Party chief Akhilesh Yadav after he appointed Swami Prasad Maurya as party's general secretary despite his controversial remark on Ramcharitmanas

FY24 borrowings seen at new high, but insurers, softer RBI to help bonds

Sovereign yield curve seen steeper; short-term bonds may gain on likely RBI pivot

Budget expectation: PLI scheme might be extended to other industries

Currently, 384 eligible companies, global and homegrown, in 14 industries are eligible for incentives

Bhupender Yadav meets German delegation, discusses sustainable development

Union Environment Minister Bhupender Yadav on Monday held a meeting with a delegation of the German Federal Parliament (Bundestag), led by Ralph Brinkhaus

Bharat Jodo Yatra Leaves behind trail of issues, hope for 2024 elections

The curtains may have come down on the Congress' Bharat Jodo Yatra here but it has left behind a trail of people's issues, enthused party cadres, controversies and a hope that the grand old party could mount a challenge in the general elections next year. Congress watchers feel the yatra has found some answers the party had been looking for on the road to 2024 but questions remain whether it will yield electoral dividends going forward. The yatra culminated at the Pradesh Congress Committee (PCC) headquarters in the Lal Chowk area here with unfurling the national flag after traversing 12 states and two Union territories in over 140 days after its launch on September 7 last year, clocking over 4,000 km. During the course of the yatra, Rahul Gandhi addressed 12 public meetings, over 100 corner meetings, 13 press conferences. He had over 275 planned walking interactions and more than 100 sitting interactions. Whether it leads to a lasting impact on the electoral fortunes of the Congre

Sikkim to file review petition in SC for Sikkimese Nepali community: Tamang

Sikkim Chief Minister Prem Singh Tamang on Monday said his government will file a review petition in the Supreme Court with a prayer for rectification of its "inadvertent mention of the Sikkimese Nepali community as foreigners" in an order two weeks ago. "Let me reiterate and reassure that no injustice will be meted out to anyone with regard to the inadvertent mention of Sikkimese Nepali Community as foreigners in the observation part and not in the judgment part of the verdict of Hon'ble Apex Court in the matter of income tax exemption for the old settlers of Sikkim," he said in a social media post. "I express my solidarity not only with Sikkimese Nepali Community but with all the communities of our dear state. We all are one, and will always remain united," Tamang said. The state government has already initiated steps for filing the review petition for addressing the concerns of the Sikkimese Nepali community, the chief minister said. Tamang said he has already spoken to Union La

Ahead of Budget session, govt convenes all-party meeting on Monday

The government has called an all-party meeting on Monday, a day ahead of the start of the Budget Session of Parliament. The customary meeting, called by Parliamentary Affairs Minister Pralhad Joshi, is to be held at noon on January 30 in Parliament Annexe Building. During the meeting, the government is expected to seek cooperation from all parties for the smooth running of Parliament. Opposition parties are expected to raise matters of concern during the meeting and also highlight issues they plan to raise during the session. In the afternoon, a meeting of NDA floor leaders will also be held to strategise floor cooperation. The Budget Session will be held in two parts. The session will begin with President Droupadi Murmu's address to the joint sitting of the two Houses of Parliament. Economic Survey will be tabled after the President's address. Finance Minister Nirmala Sitharaman will present the Union Budget on February 1. The Union Budget 2023-24 may be the last full budget bef